Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements - Reconciliation (Details)

v2.4.0.8
Fair Value Measurements - Reconciliation (Details) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Derivative assets $ 47,495 $ 53,497  
Derivative liabilities included in net derivatives 37,407 46,016  
Reclassification of Trading Account Assets - Corporate Securities, Trading Loans and Other to Trading Account Assets - Mortgage Trading Loans and ABS   900  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Gross Sales (2,044) (122)  
Corporate securities, trading loans and other [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Consolidation of VIEs     0 [1]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance (64) [1] (114) [1] (7) [1]
Gains (Losses) in Earnings 10 [1] 4 [1] 4 [1]
Gross Purchases 43 [1] 116 [1] 133 [1]
Gross Sales (54) [1] (136) [1] (189) [1]
Gross Issuances (5) [1]    
Gross Settlements   80 [1]  
Gross Transfers into Level 3 (9) [1] (68) [1] (65) [1]
Gross Transfers out of Level 3 44 [1] 54 [1] 10 [1]
Balance December 31 (35) [1] (64) [1] (114) [1]
Short-term borrowings [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Consolidation of VIEs     0 [1],[2]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance   0 [1],[2] (706) [1],[2]
Gains (Losses) in Earnings   0 [1],[2] (30) [1],[2]
Gains (Losses) in OCI      [1],[2]    [1],[2]
Gross Purchases      [1],[2]    [1],[2]
Gross Sales      [1],[2]    [1],[2]
Gross Issuances   (232) [1],[2]    [1],[2]
Gross Settlements   232 [1],[2] 86 [1],[2]
Gross Transfers into Level 3      [1],[2]    [1],[2]
Gross Transfers out of Level 3      [1],[2] 650 [1],[2]
Balance December 31   0 [1],[2] 0 [1],[2]
Accrued expenses and other liabilities [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Consolidation of VIEs     0 [1],[2]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance (15) [1],[2] (14) [1],[2] (828) [1],[2]
Gains (Losses) in Earnings 30 [1],[2] (4) [1],[2] 61 [1],[2]
Gains (Losses) in OCI    [1],[2]    [1],[2]    [1],[2]
Gross Purchases 0 [1],[2] 8 [1],[2]    [1],[2]
Gross Sales    [1],[2]    [1],[2] (2) [1],[2]
Gross Issuances (751) [1],[2] (9) [1],[2] (9) [1],[2]
Gross Settlements 724 [1],[2]    [1],[2] 3 [1],[2]
Gross Transfers into Level 3 (1) [1],[2]    [1],[2]    [1],[2]
Gross Transfers out of Level 3 3 [1],[2] 4 [1],[2] 761 [1],[2]
Balance December 31 (10) [1],[2] (15) [1],[2] (14) [1],[2]
Long-term Debt [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Consolidation of VIEs     0 [1],[2]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance (2,301) [1],[2] (2,943) [1],[2] (2,986) [1],[2]
Gains (Losses) in Earnings 13 [1],[2] (307) [1],[2] (188) [1],[2]
Gains (Losses) in OCI    [1],[2]    [1],[2]    [1],[2]
Gross Purchases 358 [1],[2] 290 [1],[2] 520 [1],[2]
Gross Sales (4) [1],[2] (33) [1],[2] (72) [1],[2]
Gross Issuances (172) [1],[2] (259) [1],[2] (520) [1],[2]
Gross Settlements 258 [1],[2] 1,239 [1],[2] 838 [1],[2]
Gross Transfers into Level 3 (1,331) [1],[2] (2,040) [1],[2] (2,111) [1],[2]
Gross Transfers out of Level 3 1,189 [1],[2] 1,752 [1],[2] 1,576 [1],[2]
Balance December 31 (1,990) [1],[2] (2,301) [1],[2] (2,943) [1],[2]
Corporate securities, trading loans and other [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 3,726 [1] 6,880 [1] 7,751 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 242 [1] 195 [1] 490 [1]
Gains (Losses) Included in OCI    [1]    [1]    [1]
Gross Purchases 3,848 [1] 2,798 [1] 5,683 [1]
Gross Sales (3,110) [1] (4,556) [1] (6,664) [1]
Gross Issuances 59 [1]    [1]    [1]
Gross Settlements (651) [1] (1,077) [1] (1,362) [1]
Gross Transfers into Level 3 890 [1] 436 [1] 1,695 [1]
Gross Transfers out of Level 3 (1,445) [1] (950) [1] (713) [1]
Balance December 31 3,559 [1] 3,726 [1] 6,880 [1]
Trading Account Assets [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 9,559 [1] 11,455 [1] 15,459 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 419 [1] 449 [1] 1,068 [1]
Gains (Losses) Included in OCI    [1]    [1]    [1]
Gross Purchases 6,580 [1] 5,961 [1] 8,428 [1]
Gross Sales (5,296) [1] (6,722) [1] (11,876) [1]
Gross Issuances 59 [1]    [1]    [1]
Gross Settlements (1,655) [1] (1,733) [1] (1,945) [1]
Gross Transfers into Level 3 982 [1] 1,370 [1] 1,910 [1]
Gross Transfers out of Level 3 (1,604) [1] (1,221) [1] (1,589) [1]
Balance December 31 9,044 [1] 9,559 [1] 11,455 [1]
Equity Securities [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 545 [1] 544 [1] 557 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 74 [1] 31 [1] 49 [1]
Gains (Losses) Included in OCI    [1]    [1]    [1]
Gross Purchases 96 [1] 201 [1] 335 [1]
Gross Sales (175) [1] (271) [1] (362) [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements (100) [1] 27 [1] (140) [1]
Gross Transfers into Level 3 70 [1] 90 [1] 132 [1]
Gross Transfers out of Level 3 (124) [1] (77) [1] (27) [1]
Balance December 31 386 [1] 545 [1] 544 [1]
Non-U.S. sovereign debt [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 353 [1] 342 [1] 243 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 50 [1] 8 [1] 87 [1]
Gains (Losses) Included in OCI    [1]    [1]    [1]
Gross Purchases 122 [1] 388 [1] 188 [1]
Gross Sales (18) [1] (359) [1] (137) [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements (36) [1] (5) [1] (3) [1]
Gross Transfers into Level 3 2 [1]    [1] 8 [1]
Gross Transfers out of Level 3 (5) [1] (21) [1] (44) [1]
Balance December 31 468 [1] 353 [1] 342 [1]
Mortgage trading loans and ABS [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 4,935 [1],[3] 3,689 [1],[3] 6,908 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 53 [1] 215 [1],[3] 442 [1]
Gains (Losses) Included in OCI    [1]    [1],[3]    [1]
Gross Purchases 2,514 [1] 2,574 [1],[3] 2,222 [1]
Gross Sales (1,993) [1] (1,536) [1],[3] (4,713) [1]
Gross Issuances    [1]    [1],[3]    [1]
Gross Settlements (868) [1] (678) [1],[3] (440) [1]
Gross Transfers into Level 3 20 [1] 844 [1],[3] 75 [1]
Gross Transfers out of Level 3 (30) [1] (173) [1],[3] (805) [1]
Balance December 31 4,631 [1] 4,935 [1],[3] 3,689 [1],[3]
Derivative assets [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 1,468 [1],[4],[5] 5,866 [1],[6] 7,745 [1],[6]
Consolidation of VIEs     0 [1],[6]
Gains (Losses) in Earnings (297) [1],[4] (221) [1],[5] 5,199 [1],[6]
Gains (Losses) Included in OCI    [1],[4]    [1],[5]    [1],[6]
Gross Purchases 824 [1],[4] 893 [1],[5] 1,235 [1],[6]
Gross Sales (1,274) [1],[4] (1,012) [1],[5] (1,553) [1],[6]
Gross Issuances    [1],[4]    [1],[5]    [1],[6]
Gross Settlements (1,362) [1],[4] (3,328) [1],[5] (7,779) [1],[6]
Gross Transfers into Level 3 (10) [1],[4] (269) [1],[5] 1,199 [1],[6]
Gross Transfers out of Level 3 627 [1],[4] (461) [1],[5] (180) [1],[6]
Balance December 31 (24) [1],[4] 1,468 [1],[4],[5] 5,866 [1],[6]
Available-for-sale debt securities [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 5,091 [1] 8,012 [1] 15,873 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 17 [1] 13 [1] (123) [1]
Gains (Losses) Included in OCI 40 [1] 65 [1] 19 [1]
Gross Purchases 1,056 [1] 3,194 [1] 7,138 [1]
Gross Sales (1) [1] (491) [1] (2,728) [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements (1,274) [1] (4,931) [1] (6,377) [1]
Gross Transfers into Level 3 100 [1]    [1] 548 [1]
Gross Transfers out of Level 3 (269) [1] (771) [1] (6,338)
Balance December 31 4,760 [1] 5,091 [1] 8,012 [1]
Agency MBS [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance   37 [1] 4 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings      [1]    [1]
Gains (Losses) Included in OCI      [1]    [1]
Gross Purchases      [1] 14 [1]
Gross Sales   0 [1] (11) [1]
Gross Issuances      [1]    [1]
Gross Settlements   (4) [1]    [1]
Gross Transfers into Level 3      [1] 34 [1]
Gross Transfers out of Level 3   (33) [1] (4) [1]
Balance December 31      [1] 37 [1]
Agency Collateralized MBS [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance     0 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings     0 [1]
Gains (Losses) Included in OCI     0 [1]
Gross Purchases     56 [1]
Gross Sales     (56) [1]
Gross Issuances     0 [1]
Gross Settlements     0 [1]
Gross Transfers into Level 3     0 [1]
Gross Transfers out of Level 3     0 [1]
Balance December 31     0 [1]
Non-Agency Residential MBS [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance   860 [1] 1,468 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings   (69) [1] (158) [1]
Gains (Losses) Included in OCI   19 [1] 41 [1]
Gross Purchases      [1] 11 [1]
Gross Sales   (306) [1] (307) [1]
Gross Issuances      [1]    [1]
Gross Settlements   (2) [1] (568) [1]
Gross Transfers into Level 3   0 [1] 373 [1]
Gross Transfers out of Level 3   (502) [1]    [1]
Balance December 31   0 [1] 860 [1]
Non-Agency Commercial MBS [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 10 [1] 40 [1] 19 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings    [1]    [1]    [1]
Gains (Losses) Included in OCI    [1]    [1]    [1]
Gross Purchases    [1] 0 [1] 15 [1]
Gross Sales    [1] (24) [1]    [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements (10) [1] (6) [1]    [1]
Gross Transfers into Level 3    [1]    [1] 6 [1]
Gross Transfers out of Level 3    [1]    [1]    [1]
Balance December 31 0 [1] 10 [1] 40 [1]
Non-U.S. Securities [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 0 [1]   3 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 5 [1]      [1]
Gains (Losses) Included in OCI 2 [1]      [1]
Gross Purchases 1 [1]      [1]
Gross Sales (1) [1]      [1]
Gross Issuances    [1]      [1]
Gross Settlements 0 [1]   0 [1]
Gross Transfers into Level 3 100 [1]   88 [1]
Gross Transfers out of Level 3    [1]   (91) [1]
Balance December 31 107 [1]   0 [1]
Corporate Bond [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 92 [1] 162 [1] 137 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 0 [1] (2) [1] (12) [1]
Gains (Losses) Included in OCI 4 [1] 0 [1] (8) [1]
Gross Purchases 0 [1] (2) [1] 304 [1]
Gross Sales    [1] 0 [1] (17) [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements    [1] (39) [1]    [1]
Gross Transfers into Level 3    [1]    [1] 7 [1]
Gross Transfers out of Level 3 (96) [1] (27) [1] (249) [1]
Balance December 31 0 [1] 92 [1] 162 [1]
Other taxable securities [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 3,928 [1] 4,265 [1] 13,018 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 9 [1] 23 [1] 26 [1]
Gains (Losses) Included in OCI 15 [1] 26 [1] 21 [1]
Gross Purchases 1,055 [1] 3,196 [1] 3,876 [1]
Gross Sales    [1] (28) [1] (2,245) [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements (1,155) [1] (3,345) [1] (5,112) [1]
Gross Transfers into Level 3    [1] 0 [1] 2 [1]
Gross Transfers out of Level 3 (5) [1] (209) [1] (5,321) [1]
Balance December 31 3,847 [1] 3,928 [1] 4,265 [1]
Tax-exempt securities [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 1,061 [1] 2,648 [1] 1,224 [1]
Consolidation of VIEs     0 [1]
Gains (Losses) in Earnings 3 [1] 61 [1] 21 [1]
Gains (Losses) Included in OCI 19 [1] 20 [1] (35) [1]
Gross Purchases    [1]    [1] 2,862 [1]
Gross Sales 0 [1] (133) [1] (92) [1]
Gross Issuances    [1]    [1]    [1]
Gross Settlements (109) [1] (1,535) [1] (697) [1]
Gross Transfers into Level 3    [1]    [1] 38 [1]
Gross Transfers out of Level 3 (168) [1]    [1] (673) [1]
Balance December 31 806 [1] 1,061 [1] 2,648 [1]
Loans and leases [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 2,287 [1],[2],[7] 2,744 [1],[2],[7] 3,321 [1],[2],[7]
Consolidation of VIEs     5,194 [1],[2],[7]
Gains (Losses) in Earnings 98 [1],[2],[7] 334 [1],[2],[7] (55) [1],[2],[7]
Gains (Losses) Included in OCI    [1],[2],[7]    [1],[2],[7]    [1],[2],[7]
Gross Purchases 310 [1],[2],[7] 564 [1],[2],[7] 21 [1],[2],[7]
Gross Sales (128) [1],[2],[7] (1,520) [1],[2],[7] (2,644) [1],[2],[7]
Gross Issuances 1,252 [1],[2],[7]    [1],[2],[7] 3,118 [1],[2],[7]
Gross Settlements (757) [1],[2],[7] (274) [1],[2],[7] (1,830) [1],[2],[7]
Gross Transfers into Level 3 19 [1],[2],[7] 450 [1],[2],[7] 5 [1],[2],[7]
Gross Transfers out of Level 3 (24) [1],[2],[7] (11) [1],[2],[7] (4,386) [1],[2],[7]
Balance December 31 3,057 [1],[2],[7] 2,287 [1],[2],[7] 2,744 [1],[2],[7]
Mortgage servicing rights [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 5,716 [1],[7] 7,378 [1],[7] 14,900 [1],[7]
Consolidation of VIEs     0 [1],[7]
Gains (Losses) in Earnings 1,941 [1],[7] (430) [1],[7] (5,661) [1],[7]
Gains (Losses) Included in OCI    [1],[7]    [1],[7]    [1],[7]
Gross Purchases    [1],[7]    [1],[7]    [1],[7]
Gross Sales (2,044) [1],[7] (122) [1],[7] (896) [1],[7]
Gross Issuances 472 [1],[7] 374 [1],[7] 1,656 [1],[7]
Gross Settlements (1,043) [1],[7] (1,484) [1],[7] (2,621) [1],[7]
Gross Transfers into Level 3    [1],[7]    [1],[7]    [1],[7]
Gross Transfers out of Level 3    [1],[7]    [1],[7]    [1],[7]
Balance December 31 5,042 [1],[7] 5,716 [1],[7] 7,378 [1],[7]
Loans held-for-sale [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 2,733 [1],[2] 3,387 [1],[2] 4,140 [1],[2]
Consolidation of VIEs     0 [1],[2]
Gains (Losses) in Earnings 62 [1],[2] 352 [1],[2] 36 [1],[2]
Gains (Losses) Included in OCI    [1],[2]    [1],[2]    [1],[2]
Gross Purchases 8 [1],[2] 794 [1],[2] 157 [1],[2]
Gross Sales (402) [1],[2] (834) [1],[2] (483) [1],[2]
Gross Issuances 4 [1],[2]    [1],[2]    [1],[2]
Gross Settlements (1,507) [1],[2] (414) [1],[2] (961) [1],[2]
Gross Transfers into Level 3 34 [1],[2] 80 [1],[2] 565 [1],[2]
Gross Transfers out of Level 3 (3) [1],[2] (632) [1],[2] (67) [1],[2]
Balance December 31 929 [1],[2] 2,733 [1],[2] 3,387 [1],[2]
Other assets [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning Balance 3,129 [1],[8],[9] 4,235 [1],[8] 6,922 [1],[8]
Consolidation of VIEs     0 [1],[8]
Gains (Losses) in Earnings (288) [1],[9] (54) [1],[8] 140 [1],[8]
Gains (Losses) Included in OCI    [1],[9]    [1],[8]    [1],[8]
Gross Purchases 46 [1],[9] 109 [1],[8] 1,932 [1],[8]
Gross Sales (383) [1],[9] (1,039) [1],[8] (2,391) [1],[8]
Gross Issuances    [1],[9] 270 [1],[8]    [1],[8]
Gross Settlements (1,019) [1],[9] (381) [1],[8] (768) [1],[8]
Gross Transfers into Level 3 239 [1]    [1],[8] 375 [1],[8]
Gross Transfers out of Level 3 (55) [1],[9] (11) [1],[8] (1,975) [1],[8]
Balance December 31 1,669 [1],[9] 3,129 [1],[8],[9] 4,235 [1],[8]
Recurring [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Derivative assets 47,495 [10],[11] 53,497 [10]  
Derivative liabilities included in net derivatives 37,407 [10],[11] 46,016 [10]  
Recurring [Member] | Level 3 [Member]
      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]      
Derivative assets 7,277 [10] 8,073 [10] 14,400
Derivative liabilities included in net derivatives $ 7,301 [10] $ 6,605 [10] $ 8,500
[1] Assets (liabilities). For assets, increase (decrease) to Level 3 and for liabilities, (increase) decrease to Level 3.
[2] Amounts represent instruments that are accounted for under the fair value option.
[3] During 2012, approximately $900 million was reclassified from Trading account assets – Corporate securities, trading loans and other to Trading account assets – Mortgage trading loans and ABS. In the table above, this reclassification is presented as a sale of Trading account assets – Corporate securities, trading loans and other and as a purchase of Trading account assets – Mortgage trading loans and ABS.
[4] Net derivatives include derivative assets of $7.3 billion and derivative liabilities of $7.3 billion.
[5] Net derivatives include derivative assets of $8.1 billion and derivative liabilities of $6.6 billion.
[6] Net derivatives include derivative assets of $14.4 billion and derivative liabilities of $8.5 billion.
[7] Issuances represent loan originations and mortgage servicing rights retained following securitizations or whole-loan sales.
[8] Other assets is primarily comprised of net monoline exposure to a single counterparty and private equity investments.
[9] Other assets is primarily comprised of private equity investments and certain long-term fixed-rate margin loans that are accounted for under the fair value option.
[10] For further disaggregation of derivative assets and liabilities, see Note 2 – Derivatives.
[11] Includes $17.2 billion of government-sponsored enterprise obligations.